BT shares rise after Openreach agreement

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BT rose to the top of the FTSE 100 on Friday morning after the company reached an agreement with regulators on the separation of its Openreach division.

Ofcom last year called for Openreach to become a “legally separate” company within BT, but the process was complicated by disagreements over the transfer of pension liabilities.

Shares in BT were up 4.5 per cent at publication time, to 345p.

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